UAE Commercial Transactions Law

Article 72 — Article (72)

Book Two: Commercial Obligations and Contracts · Part One: Commercial Obligations

A creditor may receive an interest on a commercial loan, as per the rate of interest stipulated in the contract. If such rate is not stated in the contract, it shall be calculated according to the rate of interest prevailing in the market at the time of transaction, provided that it does not exceed (9%) up to the full repayment.

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